Stangl Inc. has provided the following data for the month of September. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.  Work In ProcessFinished GoodsCost of Goods SoldTotalDirect materials$1,480 $7,410 $14,430 $23,320 Direct labor 5,280  17,670  34,410  57,360 Manufacturing overhead applied 3,770  8,700  16,530  29,000 Total$10,530 $33,780 $65,370 $109,680  Manufacturing overhead for the month was underapplied by $3,000. The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those

accounts. Required:Determine the cost of work in process, finished goods, and cost of goods sold AFTER allocation of the underapplied or overapplied overhead for the period.

What will be an ideal response?



 ????????????
 Work In ProcessFinished GoodsCost of
Goods Sold
Total
Total cost before allocation of underapplied overhead$10,530 $33,780 $65,370 $109,680 
Allocation percentage based on overhead applied during the month 13% 30% 57% 100%
Allocation of underapplied overhead$390 $900  1,710 $3,000 
Total cost after allocation of underapplied overhead$10,920 $34,680 $67,080 $112,680 

Business

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